11211 N Tatum Blvd Suite #130
Phoenix, AZ 85028
Phoenix, AZ 85028
602-404-9700 Fax 602-404-9701
West Valley Market Conditions, September 2008
Oct
7
7
West Valley single family homes, condos and townhouses sales reports for September 2008 including: Avondale, El Mirage, Glendale, Goodyear, Laveen, Litchfield Park, Peoria, Sun City, Sun City West, Surprise, Tolleson.
Single Family Homes Sales in Avondale - September, 2008
| September, 2007 | August, 2008 | September, 2008 | Monthly Change in % | Annual Change in % | |
|---|---|---|---|---|---|
| Asking Price |
$260,419
|
$170,954
|
$160,586
|
-6.06%
|
-38.34%
|
| Sale Price |
$251,621
|
$168,437
|
$164,562
|
-2.3%
|
-34.6%
|
| % of Asking Price |
96.62%
|
98.53%
|
102.48%
|
4.01%
|
6.06%
|
| Price/SqFt |
$122
|
$83
|
$85
|
2.41%
|
-30.33%
|
| DOM* |
132
|
114
|
103
|
-9.65%
|
-21.97%
|
| Total Transactions |
63
|
137
|
209
|
52.55%
|
231.75%
|
Single Family Homes Sales in El Mirage - September, 2008
| September, 2007 | August, 2008 | September, 2008 | Monthly Change in % | Annual Change in % | |
|---|---|---|---|---|---|
| Asking Price |
$197,446
|
$123,785
|
$116,365
|
-5.99%
|
-41.06%
|
| Sale Price |
$194,608
|
$133,681
|
$117,748
|
-11.92%
|
-39.49%
|
| % of Asking Price |
98.56%
|
107.99%
|
101.19%
|
-6.3%
|
2.67%
|
| Price/SqFt |
$114
|
$81
|
$70
|
-13.58%
|
-38.6%
|
| DOM* |
104
|
82
|
83
|
1.22%
|
-20.19%
|
| Total Transactions |
30
|
94
|
87
|
-7.45%
|
190%
|
Single Family Homes Sales in Glendale - September, 2008
| September, 2007 | August, 2008 | September, 2008 | Monthly Change in % | Annual Change in % | |
|---|---|---|---|---|---|
| Asking Price |
$317,594
|
$209,691
|
$177,813
|
-15.2%
|
-44.01%
|
| Sale Price |
$305,797
|
$203,816
|
$175,271
|
-14.01%
|
-42.68%
|
| % of Asking Price |
96.29%
|
97.2%
|
98.57%
|
1.41%
|
2.37%
|
| Price/SqFt |
$154
|
$105
|
$97
|
-7.62%
|
-37.01%
|
| DOM* |
98
|
113
|
106
|
-6.19%
|
8.16%
|
| Total Transactions |
138
|
274
|
348
|
27.01%
|
152.17%
|
Condos/Townhouses Sales in Glendale - September, 2008
| September, 2007 | August, 2008 | September, 2008 | Monthly Change in % | Annual Change in % | |
|---|---|---|---|---|---|
| Asking Price |
$128,027
|
$122,608
|
$101,889
|
-16.9%
|
-20.42%
|
| Sale Price |
$124,542
|
$117,933
|
$98,171
|
-16.76%
|
-21.17%
|
| % of Asking Price |
97.28%
|
96.19%
|
96.35%
|
0.17%
|
-0.96%
|
| Price/SqFt |
$131
|
$88
|
$81
|
-7.95%
|
-38.17%
|
| DOM* |
109
|
139
|
91
|
-34.53%
|
-16.51%
|
| Total Transactions |
26
|
12
|
18
|
50%
|
-30.77%
|
Single Family Homes Sales in Goodyear - September, 2008
| September, 2007 | August, 2008 | September, 2008 | Monthly Change in % | Annual Change in % | |
|---|---|---|---|---|---|
| Asking Price |
$317,060
|
$219,335
|
$212,013
|
-3.34%
|
-33.13%
|
| Sale Price |
$298,524
|
$213,608
|
$206,374
|
-3.39%
|
-30.87%
|
| % of Asking Price |
94.15%
|
97.39%
|
97.34%
|
-0.05%
|
3.39%
|
| Price/SqFt |
$128
|
$97
|
$90
|
-7.22%
|
-29.69%
|
| DOM* |
116
|
100
|
113
|
13%
|
-2.59%
|
| Total Transactions |
78
|
154
|
148
|
-3.9%
|
89.74%
|
Condos/Townhouses Sales in Goodyear - September, 2008
| September, 2007 | August, 2008 | September, 2008 | Monthly Change in % | Annual Change in % | |
|---|---|---|---|---|---|
| Asking Price |
$195,633
|
$154,521
|
$150,387
|
-2.68%
|
-23.13%
|
| Sale Price |
$186,610
|
$124,725
|
$127,477
|
2.21%
|
-31.69%
|
| % of Asking Price |
95.39%
|
80.72%
|
84.77%
|
5.02%
|
-11.13%
|
| Price/SqFt |
$149
|
$110
|
$117
|
6.36%
|
-21.48%
|
| DOM* |
142
|
59
|
105
|
77.97%
|
-26.06%
|
| Total Transactions |
3
|
2
|
1
|
-50%
|
-66.67%
|
Single Family Homes Sales in Laveen - September, 2008
| September, 2007 | August, 2008 | September, 2008 | Monthly Change in % | Annual Change in % | |
|---|---|---|---|---|---|
| Asking Price |
$262,828
|
$207,651
|
$183,635
|
-11.57%
|
-30.13%
|
| Sale Price |
$248,740
|
$205,901
|
$182,627
|
-11.3%
|
-26.58%
|
| % of Asking Price |
94.64%
|
99.16%
|
99.45%
|
0.29%
|
5.08%
|
| Price/SqFt |
$111
|
$90
|
$87
|
-3.33%
|
-21.62%
|
| DOM* |
97
|
104
|
84
|
-19.23%
|
-13.4%
|
| Total Transactions |
28
|
92
|
93
|
1.09%
|
232.14%
|
Single Family Homes Sales in Litchfield Park - September, 2008
| September, 2007 | August, 2008 | September, 2008 | Monthly Change in % | Annual Change in % | |
|---|---|---|---|---|---|
| Asking Price |
$343,954
|
$255,082
|
$228,298
|
-10.5%
|
-33.63%
|
| Sale Price |
$334,931
|
$243,925
|
$226,195
|
-7.27%
|
-32.47%
|
| % of Asking Price |
97.38%
|
95.63%
|
99.08%
|
3.61%
|
1.75%
|
| Price/SqFt |
$138
|
$95
|
$95
|
0%
|
-31.16%
|
| DOM* |
124
|
103
|
98
|
-4.85%
|
-20.97%
|
| Total Transactions |
13
|
54
|
46
|
-14.81%
|
253.85%
|
Single Family Homes Sales in Peoria - September, 2008
| September, 2007 | August, 2008 | September, 2008 | Monthly Change in % | Annual Change in % | |
|---|---|---|---|---|---|
| Asking Price |
$325,386
|
$257,465
|
$235,827
|
-8.4%
|
-27.52%
|
| Sale Price |
$311,925
|
$251,432
|
$231,044
|
-8.11%
|
-25.93%
|
| % of Asking Price |
95.86%
|
97.66%
|
97.97%
|
0.32%
|
2.2%
|
| Price/SqFt |
$151
|
$112
|
$112
|
0%
|
-25.83%
|
| DOM* |
111
|
113
|
103
|
-8.85%
|
-7.21%
|
| Total Transactions |
89
|
227
|
234
|
3.08%
|
162.92%
|
Condos/Townhouses Sales in Peoria - September, 2008
| September, 2007 | August, 2008 | September, 2008 | Monthly Change in % | Annual Change in % | |
|---|---|---|---|---|---|
| Asking Price |
$170,600
|
$166,933
|
$172,133
|
3.12%
|
0.9%
|
| Sale Price |
$158,975
|
$162,633
|
$166,650
|
2.47%
|
4.83%
|
| % of Asking Price |
93.19%
|
97.42%
|
96.81%
|
-0.63%
|
3.88%
|
| Price/SqFt |
$137
|
$109
|
$123
|
12.84%
|
-10.22%
|
| DOM* |
140
|
80
|
154
|
92.5%
|
10%
|
| Total Transactions |
4
|
3
|
6
|
100%
|
50%
|
Single Family Homes Sales in Sun City - September, 2008
| September, 2007 | August, 2008 | September, 2008 | Monthly Change in % | Annual Change in % | |
|---|---|---|---|---|---|
| Asking Price |
$198,211
|
$181,196
|
$165,525
|
-8.65%
|
-16.49%
|
| Sale Price |
$188,545
|
$173,557
|
$155,441
|
-10.44%
|
-17.56%
|
| % of Asking Price |
95.12%
|
95.78%
|
93.91%
|
-1.95%
|
-1.27%
|
| Price/SqFt |
$118
|
$90
|
$94
|
4.44%
|
-20.34%
|
| DOM* |
153
|
199
|
167
|
-16.08%
|
9.15%
|
| Total Transactions |
48
|
50
|
56
|
12%
|
16.67%
|
Condos/Townhouses Sales in Sun City - September, 2008
| September, 2007 | August, 2008 | September, 2008 | Monthly Change in % | Annual Change in % | |
|---|---|---|---|---|---|
| Asking Price |
$116,583
|
$104,506
|
$111,747
|
6.93%
|
-4.15%
|
| Sale Price |
$107,542
|
$101,431
|
$100,153
|
-1.26%
|
-6.87%
|
| % of Asking Price |
92.24%
|
97.06%
|
89.63%
|
-7.66%
|
-2.83%
|
| Price/SqFt |
$100
|
$84
|
$88
|
4.76%
|
-12%
|
| DOM* |
107
|
166
|
212
|
27.71%
|
98.13%
|
| Total Transactions |
12
|
16
|
15
|
-6.25%
|
25%
|
Single Family Homes Sales in Sun City West - September, 2008
| September, 2007 | August, 2008 | September, 2008 | Monthly Change in % | Annual Change in % | |
|---|---|---|---|---|---|
| Asking Price |
$244,164
|
$227,721
|
$238,342
|
4.66%
|
-2.38%
|
| Sale Price |
$235,091
|
$215,037
|
$222,514
|
3.48%
|
-5.35%
|
| % of Asking Price |
96.28%
|
94.43%
|
93.36%
|
-1.13%
|
-3.03%
|
| Price/SqFt |
$123
|
$121
|
$119
|
-1.65%
|
-3.25%
|
| DOM* |
180
|
129
|
173
|
34.11%
|
-3.89%
|
| Total Transactions |
41
|
19
|
36
|
89.47%
|
-12.2%
|
Condos/Townhouses Sales in Sun City West - September, 2008
| September, 2007 | August, 2008 | September, 2008 | Monthly Change in % | Annual Change in % | |
|---|---|---|---|---|---|
| Asking Price |
$132,960
|
$121,960
|
$117,133
|
-3.96%
|
-11.9%
|
| Sale Price |
$125,400
|
$113,400
|
$106,083
|
-6.45%
|
-15.4%
|
| % of Asking Price |
94.31%
|
92.98%
|
90.57%
|
-2.59%
|
-3.97%
|
| Price/SqFt |
$103
|
$100
|
$90
|
-10%
|
-12.62%
|
| DOM* |
82
|
132
|
158
|
19.7%
|
92.68%
|
| Total Transactions |
5
|
5
|
3
|
-40%
|
-40%
|
Single Family Homes Sales in Surprise - September, 2008
| September, 2007 | August, 2008 | September, 2008 | Monthly Change in % | Annual Change in % | |
|---|---|---|---|---|---|
| Asking Price |
$262,801
|
$194,996
|
$185,212
|
-5.02%
|
-29.52%
|
| Sale Price |
$254,746
|
$192,723
|
$184,081
|
-4.48%
|
-27.74%
|
| % of Asking Price |
96.93%
|
98.83%
|
99.39%
|
0.57%
|
2.54%
|
| Price/SqFt |
$120
|
$91
|
$85
|
-6.59%
|
-29.17%
|
| DOM* |
118
|
104
|
99
|
-4.81%
|
-16.1%
|
| Total Transactions |
117
|
286
|
283
|
-1.05%
|
141.88%
|
Condos/Townhouses Sales in Surprise - September, 2008
| September, 2007 | August, 2008 | September, 2008 | Monthly Change in % | Annual Change in % | |
|---|---|---|---|---|---|
| Asking Price |
$154,083
|
$155,675
|
$97,050
|
-37.66%
|
-37.01%
|
| Sale Price |
$142,941
|
$165,000
|
$90,667
|
-45.05%
|
-36.57%
|
| % of Asking Price |
92.77%
|
105.99%
|
93.42%
|
-11.86%
|
0.7%
|
| Price/SqFt |
$125
|
$142
|
$115
|
-19.01%
|
-8%
|
| DOM* |
84
|
140
|
151
|
7.86%
|
79.76%
|
| Total Transactions |
7
|
4
|
6
|
50%
|
-14.29%
|
Single Family Homes Sales in Tolleson - September, 2008
| September, 2007 | August, 2008 | September, 2008 | Monthly Change in % | Annual Change in % | |
|---|---|---|---|---|---|
| Asking Price |
$236,236
|
$153,835
|
$153,015
|
-0.53%
|
-35.23%
|
| Sale Price |
$230,023
|
$156,586
|
$166,351
|
6.24%
|
-27.68%
|
| % of Asking Price |
97.37%
|
101.79%
|
108.72%
|
6.81%
|
11.66%
|
| Price/SqFt |
$110
|
$76
|
$79
|
3.95%
|
-28.18%
|
| DOM* |
67
|
87
|
93
|
6.9%
|
38.81%
|
| Total Transactions |
39
|
70
|
110
|
57.14%
|
182.05%
|



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